10/10
123 | 10/10 | Exporting 3x4 stone for villa construction | 152 | 31,287,200 | ||
… | ………… | … .. | …… …. | |||
12/31 | 252 | 12/31 | Buy paint and putty for villa projects | 141 | 20,630,120 | |
Add | 2,032,638,948 |
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December 31, 2010
2.2.4.2. Accounting for direct labor costs at Nam Anh Construction Design Consulting Joint Stock Company
Content
In construction costs, labor costs account for a relatively large proportion in the conditions of the company's limited construction machinery. Therefore, the accurate and reasonable payment of labor costs is important in the cost, but it also depends on the construction situation that the company has contracted, the number of workers is organized into production teams to serve each construction requirement. Each production team is led by a team leader, the team leader is responsible for labor management and is responsible to the construction team.
The form of payment for direct labor that the company applies is to assign each volume of work and to assign the entire work.
The volume of work assigned to each team, the completed contract volume, the production team leader together with the project manager conducts the inspection and acceptance of the completed volume and the contract for the delivery of the total volume as the basis for payment.
Documents of use
Documents used by the company in calculating and paying salaries to workers: Timesheets are created for each production team, which clearly record the working days and days off of workers, based on the calculation and salary allocation table....
Company accountants calculate salaries according to the formula:
= | Salary Total work converted to work completion coefficient | x | Number of works converted according to work completion coefficient |
The converted work according to the work completion coefficient is calculated based on:
Salary coefficient ( li ), work completion coefficient ( di ), and actual working days ( ni )
get the job done
Work converted by coefficient= | Li x di x ni |
The work completion coefficient is assessed by the team leader for each worker based on the level of work completion.
The following is the contract for the delivery of the total volume of work for the project " Mr. Thanh's Villa":
Sample 2.3:
Form No. 08 - LĐTL |
Address: 5c/123, Luong Khanh Thien, Ngo Quyen, HP
NAM ANH CONSTRUCTION(Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance) |
CONTRACTING AGREEMENT
September 28, 2010
- Project name: 2nd floor of Mr. Thanh's Villa
- Construction site: Hai An District - Hai Phong A - Representative of Party A
- Position: Construction manager | |
- Mrs. Nguyen Thi Lam | - Position: Accountant |
B- Representative of Party B
- Position: Head of masonry team |
Article 1: After discussion, the two parties agreed to assign the following work items:
STT
Work category | Unit | Mass | Unit price (VND) | Total amount (VND) | |
1 | Build a wall | M2 | 470 | 70,000 | 32,900,000 |
2 | Plastering | M2 | 470 | 70,000 | 32,900,000 |
3 | Pouring concrete stairs | M2 | 20 | 80,000 | 1,600,000 |
4 | Pouring concrete | M3 | 60 | 80,000 | 4,800,000 |
5 | Steel processing | Kg | 12,440 | 1000 | 12,440,000 |
6 | Build decorative pillars and railings | Labour | 25 | 160,000 | 4,000,000 |
7 | wall and floor tiles | Labour | 189 | 160,000 | 30,240,000 |
8 | Work generated | Labour | 20 | 160,000 | 3,000,000 |
Add | 121,880,000 |
Article 2: Requirements to ensure technical standards, correct drawings, and construction on schedule.
Article 3: Party B must be responsible for ensuring occupational safety. If an occupational accident occurs, Party B must take full responsibility.
Article 4: Time starts from October 1, 2010 and ends on October 29, 2010.
Article 5: Payment mode: 75% of the volume in advance, the remaining amount will be paid after acceptance.
Article 6: Rewards and penalties:
- Ensure technical and on-time performance, bonus 2% of completed volume
- Not ensuring compliance with technical requirements, not meeting production schedule, penalty of 5% of completed volume
Representative of Party AParty B Representative |
(Signature, full name)
CommandantAccountant (Signature, full name) | Technique (Signature, full name) | Team Leader (Signature, full name) |
After the contract is completed, the team leader and the construction manager will conduct an inspection and acceptance test.
Sample 2.4:
NAM ANH CONSTRUCTION DESIGN AND CONSULTING JOINT STOCK COMPANYAddress: 5c/123, Luong Khanh Thien, Ngo
Rights, HP
Unit:Form No. 09 - LĐTL (Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance) |
MINUTES OF ACCEPTANCE OF CONTRACTING CONTRACT
October 30, 2010
- Mr. Do Manh Ha | - Position: Construction manager |
- Mr. Nguyen Van Hoan | - Position: Head of masonry team |
A- Representative of the delivering party: B - Representative of the receiving party:
Based on contract No. 05 dated September 28, 2010 signed between parties A and B, the work has been completed and the two parties have agreed to accept the volume:
STT
Work category | Unit | Mass | Unit price (VND) | Total amount (VND) | |
1 | Build a wall | M2 | 470 | 70,000 | 32,900,000 |
2 | Plastering | M2 | 470 | 70,000 | 32,900,000 |
3 | Pouring concrete stairs | M2 | 20 | 80,000 | 1,600,000 |
4 | Pouring concrete | M3 | 60 | 80,000 | 4,800,000 |
5 | Steel processing | Kg | 12,440 | 1000 | 12,440,000 |
6 | Build decorative pillars and fence railing | Labour | 25 | 160,000 | 4,000,000 |
7 | wall and floor tiles | Labour | 189 | 160,000 | 30,240,000 |
8 | Work generated | Labour | 20 | 160,000 | 3,000,000 |
Add | 121,880,000 |
On time: Meet requirements
About quality: Qualified Reward and punishment: None
Representative of Party ARepresentative of Party B |
(Signature, Full Name)
CommandantAccountant (Signature, Full Name) | Technique (Signature, Full Name) | Team Leader (Signature, Full Name) |
Labor unit price is the company's internal unit price established by the construction technical management department based on the state's prescribed unit price, market fluctuations and specific construction conditions, so direct labor in short-term or seasonal contracts. Therefore, social insurance and health insurance are not calculated for workers on a monthly basis but are reasonably calculated in the labor unit price paid directly to workers based on the acceptance table of completed lump sum volume sent to the company's accounting department for payment.
After completing the necessary procedures, the accountant creates a payment voucher and a salary payment table for the team leaders based on the payment table for completed volume, payment request form, payment voucher, the accountant makes the payment and records it in the relevant accounting books.
- Extract from the salary sheet and timesheet of direct construction workers (company workers) in October, the salary payable is: 121,880,000 VND. Accountant records:
Debit account 622: 121,880,000 VND - Project "Mr. Thanh's Villa" Credit account 334: 121,880,000 VND
Below are tables and accounting books showing the process of accounting for direct labor costs of the project: "Mr. Thanh's Villa"
Address: 5c/123, Luong Khanh Thien, Ngo
Rights, HP
Unit:Form No. 01a - LĐTL (Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance) |
TIME SHEET AND PAYROLLMENT
October 2010
Department: Project "Mr. Thanh's Villa"
TT
Full Name | Position | Day of the month | Total | Salary NC | Total salary | Sign | |||||
1 | 2 | 3 | … | 30 | |||||||
1 | Nguyen Van Hoan | TT | x | x | x | x | 26 | 160,000 | 4,160,000 | ||
2 | Nguyen Thanh Hung | CN | x | x | x | x | 24 | 150,000 | 3,600,000 | ||
…… | CN | .. | .. | .. | .. | .. | .. | … | … | ||
31 | Nguyen Van Chien | CN | x | x | x | … | x | 26 | 140,000 | 3,640,000 | |
Add | 121,880.00 0 | ||||||||||
From Table 2.3, the accountant will record in the General Journal (Table 2.1), from Table 2.1, the accountant will record in the production and business cost book 154209 (Details for Mr. Thanh's villa project (Table 2.4)
Table 2.4:
Address: 5c/123, Luong Khanh Thien, Ngo Quyen, HP
Unit: NAM ANH CONSTRUCTION DESIGN AND CONSULTING JOINT STOCK COMPANYForm No. S03b-DNN (Issued under Decision No. 48/2006/QD-BTC dated September 14, 2006 of the Minister of Finance) |
PRODUCTION AND BUSINESS COST BOOK
Account: Work in progress
Account 154209: Direct labor costs
Project: Mr. Thanh's Villa
From 01/09/2010 to 31/12/2010
NTGS
Document | Interpretation | TK opposite application | Amount | |||
Number | Day | In debt | Have | |||
Registration number | ||||||
September 30 | 5 | September 30 | Calculate TTSX workers' salary - Mr. Thanh's Secretary | 334 | 152,800,000 | |
October 30 | 17 | October 30 | Calculate TTSX workers' salary - Mr. Thanh's Secretary | 334 | 121,880,000 | |
11/29 | 72 | 11/29 | Calculate TTSX workers' salary - Mr. Thanh's Secretary | 334 | 143,955,000 | |
12/29 | 114 | 12/29 | Calculate TTSX workers' salary - Mr. Thanh's Secretary | 334 | 169,960,000 | |
Add | 588,595,000 | |||||
2.2.4.3. Accounting for costs of using construction machinery at Nam Anh Construction Design Consulting Joint Stock Company.
Currently, Nam Anh Construction Design Consulting Joint Stock Company, most of the projects that the Company constructs are scattered everywhere, so the transportation of construction machinery is difficult and sometimes impossible, so the company chooses to outsource construction machinery for the projects when the team leader proposes to serve timely production, speed up construction progress. Documents used to collect costs of using construction machinery for construction projects